## **Section C Notes to the accounts**
## Note 1 **Basis of preparation**
_**This section should be completed by all charities** ._
## **1.1 Basis of accounting**
These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The accounts have been prepared in accordance with: the Statement of Recommended Practice: Accounting and Reporting by Charities • and with* preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 • and with* the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) • and with the Charities Act 2011. The charity constitutes a public benefit entity as defined by FRS 102.* * -Tick as appropriate
## **1.2 Going concern**
_**If there are material uncertainties related to events or conditions that cast significant doubt on the charity's ability to continue as a going concern, please provide the following details or state "Not applicable", if appropriate:**_
An explanation as to those factors that support _**Not Applicable**_ the conclusion that the charity is a going concern; Disclosure of any uncertainties that make the _**Not Applicable**_ going concern assumption doubtful; Where accounts are not prepared on a going _**Not Applicable**_ concern basis, please disclose this fact together with the basis on which the trustees prepared the accounts and the reason why the charity is not regarded as a going concern.
## **1.3 Change of accounting policy**
**----- Start of picture text -----**
The accounts present a true and fair view and the accounting policies adopted are those outlined in note { }.
Yes*
* -Tick as appropriate
No*
Please disclose:
(i) the nature of the change in accounting policy; Not Applicable
(ii) the reasons why applying the new accounting policy
provides more reliable and more relevant information; Not Applicable
and
(iii) the amount of the adjustment for each line affected Not Applicable
in the current period, each prior period presented and
the aggregate amount of the adjustment relating to
periods before those presented, 3.44 FRS 102 SORP.
**----- End of picture text -----**
## **1.4 Changes to accounting estimates**
**----- Start of picture text -----**
No changes to accounting estimates have occurred in the reporting period (3.46 FRS 102 SORP).
Yes*
* -Tick as appropriate
No*
Please disclose:
(i) the nature of any changes; Not Applicable
(ii) the effect of the change on income and expense or
assets and liabilities for the current period; and Not Applicable
(iii) where practicable, the effect of the change in one or Not Applicable
more future periods.
**----- End of picture text -----**
## **1.5 Material prior year errors**
|Yes*
No*
No material prior
**_Please disclose_**
**_(i) the nature of_**
**_(ii) for each prio_**
**_amount of the c_**
**_affected; and_**
**_(iii) the amount_**
**_earliest prior pe_**|year erro|r have been identified in the reporting period (3.47 FRS 102 SORP).|
|---|---|---|
|||* -Tick as appropriate|
||**_:_**
**_the prior_**
**_r period_**
**_orrection_**
**_of the co_**
**_riod pres_**|Not Applicable
Not Applicable
**_Not Applicable_**
**_period error;_**
**_presented in the accounts, the_**
**_for each account line item_**
**_rrection at the beginning of the_**
**_ented in the accounts._**|
CC17a (Excel)
08/11/2024
1
## **Section B Balance sheet**
|**Fixed assets**
**Intangible assets (Note 15)**
**Tangible assets (Note 14)**
**Heritage assets (Note 16)**
**Investments (Note 17)**
**_Total fixed assets_**
**Current assets**
**Stocks (Note 18)**
**Debtors (Note 19)**
**Investments (Note 17.4)**
**Cash at bank and in hand (Note 24)**
**_Total current assets_**
**Creditors: amounts falling due within**
**one year (Note 20)**
**_Net current assets/(liabilities)_**
**_Total assets less current liabilities_**
**Creditors: amounts falling due after**
**one year (Note 20)**
**Provisions for liabilities**
**_Total net assets or liabilities_**
**Funds of the Charity**
**Endowment funds (Note 27)**
**Restricted income funds (Note 27)**
**Unrestricted funds**
**Revaluation reserve**
**_Total funds_**
Signed by one or two trustees on behalf of all
the trustees|Guidance Notes
**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**£**
**£**
F01
F02
B01
-
-
B02
7,959 -
B03
-
-
B04
- -
B05
7,959 -
B06
2,808 -
B07
- -
B08
-
-
B09
100,832 -
B10
103,640 -
B11
- -
B12
103,640 -
B13
111,599 -
B14
- -
B15
-
-
B16
111,599 -
B17
-
B18
-
B19
100,832
B20
B21
100,832 -
Signature
Thomas Cowley|**Unrestricted**
**funds**
**£**
F01
-
7,959
-
-|
**Restricted**
**income**
**funds**
**£**
F02
-
-
-
-|**Endowment**
**funds**
**Total this**
**year**
**£**
**£**
F03
F04
-
-
-
7,959
-
-
- -|**Total last**
**year**
**£**
F05|
|---|---|---|---|---|---|
||||||-
5,727
-
-|
|||7,959|-|-
7,959|5,727|
|||2,808
-
-
100,832|-
-
-
-|-
2,808
- -
-
-
-
100,832||
||||||3,000
-
-
34,264|
|||103,640|-|-
103,640|37,264|
||||||600|
|||-|-|- -||
|||||||
|||103,640|-|-
103,640|36,664|
|||||||
|||111,599|-|**-**
111,599|42,391|
||||||-
-|
|||-
-|-
-|- -
-
-||
|||||||
|||111,599|-|-
111,599|42,391|
|||-
100,832|-|-
-
- 100,832
-||
||||||-
-
42,391|
|||100,832|-|-
100,832|42,391|
|||||T. Cowley
Print Name|Date of
approval
dd/mm/yyyy
30/10/2024|
CC17a (Excel)
08/11/2024
1
||Wight Nature Fund|CIO|||||Charity No
(if any)|Charity No
(if any)|1173346|||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||Annual accounts for the||||period||||||||
||Period start date||**01/01/2023**|**To**|||Period end
date||31/12/2023|||||
|**Section A**|**Statement**|**of financial activities**||||||||||||
|**Recommended categories by**
**activity**
**Incoming resources (Note 3)**||Guidance Notes|**Unrestricted**
**funds**
**£**
F01|**Restricted**
**income**
**funds**
**£**
F02|||**Endowment**
**funds**
**£**
F03||**Total funds**
**£**
F04||**Prior year**
**funds**
**£**
F05|||
|**Income and endowments from:**||||||||||||||
|Donations and legacies||S01|72,194||-|||-|72,194||6,713|||
|Charitable activities||S02|1,192||-|||-|1,192||2,257|||
|Other trading activities||S03|-||-|||-|-|||-||
|Investments||S04|-||-|||-|-||1,097|||
|Separate material item of income||S05|-||-|||-|-|||-||
|Other||S06|-||-|||-|-|||-||
|**_Total_**||S07|73,386||-|||-|73,386||10,067|||
|**Resources expended (Note 6)**||||||||||||||
|**Expenditure on:**||||||||||||||
|Raising funds||S08|-||-|||-|-|||-||
|Charitable activities||S09|4,318||-|||-|4,318||1,912|||
|Separate material item of expense||S10|2,382||-|||-|2,382|||-||
|Other||S11|-||-|||-|-||7,732|||
|**_Total_**||S12|6,700||-|||-|6,700||9,644|||
|||||||||||||||
|**Net income/(expenditure) before**|**investment**|||||||||||||
|**gains/(losses)**||S13|66,686||-|||-|66,686|||423||
|Net gains/(losses) on investments||S14|-||-|||-|-|||-||
|**Net income/(expenditure)**||S15|66,686||-|||-|66,686|||423||
|**Extraordinary items**||S16|-||-|||-|-|||-||
|**Transfers between funds**||S17|-||-|||-|-|||-||
|**Other recognised gains/(losses):**||||||||||||||
|Gains and losses on revaluation of fixed assets|for the charity’s own use|S18
|-||-|||-|-|||251||
|Other gains/(losses)||S19|-||-|||-|-|||-||
|**_Net movement in funds_**||S20|66,686||-|||-|66,686|||674||
|**_Reconciliation of funds:_**||||||||||||||
|Total funds brought forward||S21|39,827||-|||-|39,827||39,827|||
|**_Total funds carried forward_**||S22|106,513||-|||-|106,513|Prior Year Error||||
Wight Nature Fund
2023 Charity Commission Trustee’s Report
Commission. Some minor works were carried out on the woodland to ensure the safety of the community when accessing the wood.
The AONB team advised that a Farming in Protected Landscape grant could be submitted in line with the planned work and this was submitted. This allowed the Wight Nature Fund to obtain tools and a trailer for future works such as coppicing once the Woodland Management Plan had been approved.
A new trustee Simon Clark joined the Trustees, having previously done some volunteering work for Wight Nature Fund, Simon was keen to get involved further and share his expertise to the benefit of the charity.
The Wight Nature Fund also kindly received £72,193.58 from a Miss Magaret Joyce Burnhill as part of her estate legacy to the charity. The trustees plan to use this generous legacy towards either land acquisition, or educational projects.
In this year the Trustees have:
Finalised a Woodland Management Plan for Forestry Commission approval
Received over £72,000 in donation and began exploring options for this donation in line with the Wight Nature Fund constitution.
Received a Farming in Protected Landscape grant that could be used towards tools for relevant woodland management work.
Continued maintenance of the environment and safety of Mill Copse.
associated and aligned aims.
**WIGHT NATURE FUND Charity number: 1173346**
## **INDEPENDENT EXAMINATION OF ACCOUNTS**
## **INTRODUCTION**
I have been requested to undertake an independent examination of the accounts of Wight Nature Fund for the financial year ending 31st December 2023.
Wight Nature Fund (Charity No. 1173346) had an annual turnover of between £10,000 and £250,000 and an independent examination report is therefore a Charity Commission requirement together with the submission of annual accounts.
I confirm that I have no other role or relationship with the Charity or its Trustee’s and there are no circumstances in the examiner’s judgement that would reasonably lead to the perception that the examiner is not independent.
## **CONTENT**
1.The Charity has supplied me with listings of payments and receipts for the period 1[st] January 2023 to 31[st] December 2023 **.** A bank statement for the charity was also supplied displaying letter headed bank statement details for the following bank account –
## Bank: HSBC
Sort Code: 40-34-26
Account No: 11279777
Opening balances amounted to £34,146.32 on the 1[st] January 2023 and closing balances amounted to £100,832.15 as at 31[st] December 2023. The significant increase in funds arose from a bequest paid to the Charity by the Terence Willey Law Practice on behalf of the donor.
I am advised by the Trustee’s that all sums contained in the above account are to be applied to the charity purpose. As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”). I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act. I have completed my examination and confirm that I have no concerns and have come across no matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
## _Gareth Hughes_
Former CPFA member. 10[th] June 2024